First off I know there's a lot of bad blood on these threads against the company and management and given the terrible share price performance its probably warranted
all I will say is technically stock looks like its getting ready to break 6c next target is 7c and after that 10c
fundamentally they will probably end up with 7c-8c in cash if the sale goes through so perhaps that's what's influencing these technicals
in for a small punt so please don't waste your time telling me how bad this company is I'm well aware of their poor performance however will say MEO was a dog performer until today wish I'd ignored the noise and negativity on the threads when it was 2c and gone with my gut and taken a small punt would have been a 4bagger for me
GXY Price at posting:
5.9¢ Sentiment: None Disclosure: Held